Exhibit 99.1

Camden National Corporation Announces Quarterly Dividend

CAMDEN, Maine--(BUSINESS WIRE)--December 29, 2009--Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ^®: CAC; the “Company”), announced today that the Board of Directors of the Company declared a $0.25 per share dividend payable on January 29, 2010 for shareholders of record on January 15, 2010.

About Camden National Corporation

Camden National Corporation, recently ranked 11^th in USBanker's 2009 list of top-performing mid-tier banks, employs more than 400 Maine residents and is the holding company for two financial services companies: Camden National Bank, along with its divisions, Union Trust and Acadia Financial Consultants, and the wealth management company, Acadia Trust, N.A. Camden National Bank, named in November 2009 as the Finance Authority of Maine’s “Financial Institution of the Year,” is a full-service community bank with a network of 37 banking offices serving coastal, western, central, and eastern Maine while Acadia Trust offers investment management and fiduciary services with offices in Portland, Bangor, and Ellsworth.

Forward-Looking Statements

This press release and the documents incorporated by reference herein contain certain statements that may be considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "will," "should," and other expressions which predict or indicate future events or trends and which do not relate to historical matters. Forward-looking statements should not be relied on, because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of the Company. These risks, uncertainties and other factors may cause the actual results, performance or achievements of the Company to be materially different from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements.

CONTACT:
Camden National Corporation
Chance Farago, 207-230-2120
Public Relations Officer
cfarago@camdennational.com